Power Prices Could Surge 20 to 35 Percent Due to Net Zero: Moody’s

The net zero transition will cost between $150 billion and $190 billion, according to Moody’s.

Wind turbines at sunset in Albany, Western Australia, on Nov. 4, 2024. Susan Mortimer/The Epoch Times

To achieve net zero, Australians could be facing power bills that are 20 percent to 35 percent higher over the next 10 years, while real whole prices could increase 5 percent to 15 percent.

A report by financial analysis firm Moody’s notes the nation will require a major investment across the next decade to pursue net zero by 2050.